U.S. Dollar Index (DXY) hits 13-month high, gold continues to be under pressure


The dollar is strengthening, and the gold bear market is not over yet.
Probability of decline: gold > silver > copper
The logic is very clear:
Gold: Suppressed by expectations of Federal Reserve rate hikes, the most direct victim
Silver: Supported by supply shortages, seems to fall more slowly than gold
Copper: Depends on global economic growth, short-term driven by macro factors
Without a weakening dollar, commodities find it hard to rebound.
USIDX0.19%
GLDX-2.34%
PAXG-2.60%
XAU-2.62%
XAUUSD-2.69%
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